Market Wizard

Money Market Update

The rupee ended at 74.04 against the U.S. Dollar on Tuesday as compared to Monday's closing of 73.84.

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Market Wizard

GM jsk stock in news sunpharma,tcs, lupin,infosys,indigo,igl,gallantuspat,nbcc,allcargo, Shreyas shipping,bhel,lntinfo,abcapital, HPCL,irctc. Negative stock maxhealth,hdfc,indusindbk. Nifty range 17550-17800.

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Market Wizard

Stocks Ban In F&O:
Idea,
Sail,
Sun TV,
Zeel

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Market Wizard

4 indicies will have quarterly rebalancing today

Nifty
Nifty Bank
Nifty IT
CPSE

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Market Wizard

*Morning Action @ 7am – Wednesday, September 29th 2021.*

*In early action, U.S Interest Rate Moves, Debt Worries Roils SGX Nifty.*

*7 AM GLOBAL UPDATE:*

# SGX Nifty (-65, 17659)
# Dow (-569, 34300)
# Nasdaq (-423, 14547)
# Bovespa (-3459, 110124)
# Nikkei (-547, 29637)
# Hang Seng (-224, 24276)

*The Dow declined 1.6% to 34,299, the S&P 500 fell 2.0% to 4,352, and the Nasdaq dipped 2.8% to 14,546.*

*MARKET TRENDS:*

# Global: Negative
# FII: Negative (-1958 Cr)
# DII: Neutral (+161 Cr)
# F&O: 17500-18000 zone
# Market Breadth: Weak
# Sentiment: Precarious
# Technicals: Overbought
# Outlook: Profit booking.

*CRUCIAL LEVELS: NIFTY & BANK NIFTY:*

*NIFTY (CMP 17749):*

# SUPPORT: 17576/17011
# RESISTANCE: 17827/18101
# RANGE: 17301-17801
# BIAS: Negative.

*BANK NIFTY (CMP 37945):*

# SUPPORT: 37033/36211
# RESISTANCE: 38377/38751
# RANGE: 36251-38251
# BIAS: Negative.

*NEED TO KNOW:*

SGX Nifty is seen tumbling this morning amidst another surge in U.S Treasury yields and signs of trouble in Washington. On the latter front, Senate Republicans have blocked a bill that would raise the debt limit and avoid a government shutdown; Treasury Secretary Janet Yellen warned that the U.S. Treasury would run out of money by Oct. 18.

*Well, a perfect storm is brewing at Dalal Street also on backdrop of:*

1. Soaring oil prices.
2. Power outages witnessed in China threatening to slow down global economic growth.
3. Powell admits inflation may last longer.
4. The Fed could announce a sooner-than-expected rate.
5. Overbought technical conditions.
6. Negative cues from Wall Street.

*Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.

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Market Wizard

📍📊 *Pre-Market Derivatives and Technical Set-up* 🌎✔️

◆

Nifty index opened positive but failed to hold above 17900 zones and cascaded down to 17567 levels. However it recovered well by around 200 points with the support of 17580 but finally closed with losses of around 120 points. It formed a Bearish candle on daily scale with longer lower shadow indicating declines are being bought

◆ Now it has to continue to hold above 17777 zones, for an up move towards 17900 and 18000 zones whereas support is placed at 17650 and 17580 zones

◆ India VIX moved up by 2.67% from 18.05 to 18.53 levels. Spurt in India VIX is giving a volatile swing and now it has to cool down below 15-14 zones to continue the smooth ride of the market

◆ On Option front, Maximum Put OI is at 17000 followed by 17500 strike while maximum Call OI is at 18000 followed by 18500 strike. Call writing is seen at 17800 then 17900 strike while Put writing is seen at 17500 then 17200 strike. Option data suggests a trading range in between 17600 to 18000 zones

◆ Bank Nifty opened positive and went on to touch its record high levels at 38377 levels but profit booking decline was witnessed and it sunk to 37315 levels. It formed a Bearish candle with long lower shadow on daily scale and continues forming higher highs from the last four sessions but breached its previous day’s low

◆ Now it has to continue to hold above 37850 to witness an up move towards 38300 and 38500 levels while on the downside major support is seen at 37500 and 37300 levels

◆ Bullish setup in BHEL, PFC, REC Ltd, Hpcl, Powergrid, Coal India, NTPC, IOC, Gail, BEL, Escorts, IEX, Sunpharma, Titan, Kotak Bank, Naukri and Reliance

◆ Bearish setup in Metropolis, Lalpathlabs, Techm, LTI, Apollo Hospital, Divislabs, Cholafin, MFSL, Infy, Hcltech, Havells and Wipro

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Market Wizard

https://www.deccanherald.com/national/south/households-in-southern-states-more-indebted-than-rest-of-india-report-1035134.html

Deccan Herald

Households in southern states more indebted than rest of India: Report

Household indebtedness is higher in the southern states as compared to the other parts of the country, a report said on Tuesday. Citing the All India Debt and Investment Survey (AIDIS) data from

550 views03:02

Market Wizard

Exclusive: Bharat Petroleum privatisation, LIC IPO to be completed in Q4FY22: Chief Economic Advisor

https://www.moneycontrol.com/news/business/economy/exclusive-bharat-petroleum-privatisation-lic-ipo-to-be-completed-in-q4fy22-chief-economic-advisor-7518781.html/amp

Moneycontrol

Exclusive: Bharat Petroleum Privatisation, LIC IPO To Be Completed In Q4FY22: Chief Economic Advisor

Subramanian said that Air India’s privatisation is in an advanced stage, and that the government was confident of meeting the FY22 divestment target of Rs 1.75 lakh crore.